The eight accused are Arvind Machine Tools Private Limited through its directors Amarinder Singh Gorwara, his son Sahil and wife Daljit Kaur ; proprietor of M\/S Punjab Steel Scrap Corporation Parminder Singh. read more

RBI, in its Payment System Vision 2021 document, has said that it will make available the NEFT system on a 24x7 basis from December 2019 in order to promote digital transactions. read more

The country’s largest bank, which has about 25 per cent market share, has also decided to do away with the charges on fund transfer through mobile phones using the IMPS (immediate payment service) from August 1. read more

Goyal’s lawyer said that his client had to travel abroad by July 10 to preserve his NRI status and not allowing him to do so is a violation of fundamental rights. read more

Police said both the employees were laid off in a six-month cost-cutting exercise but before leaving, they had “picked up” certain forms used for payment from the company and used them to allegedly con the company. read more

In a communication to banks, the RBI said the decision had been taken to provide an impetus to digital funds movement. read more

The meeting, first after the Lok Sabha elections, also decided to set up a committee involving all stakeholders, under the chairmanship of CEO Indian Banks’ Association (IBA), to examine the entire gamut of ATM charges and fees. read more

Here’s how Real-Time Gross Settlement (RTGS) works read more

According to an official release, Odisha chief secretary Aditya Phadi called his Andhra Pradesh counterpart L V Subrahmanyam and expressed his gratitude to the AP government and the services extended by RTGS. read more

Officials familiar with developments said on condition of anonymity that the agreement between Air India and Jet Airways, which is facing a severe financial crisis, had been terminated. read more

Maria Susairaj, an actor, has served a three-year sentence for murder of TV executive Neeraj Grover read more

The accused had taken the money as processing and registration fees, on the pretext of availing a loan worth Rs100 crore read more

Apart from normal clearing, which is followed on any working Saturday (which March 31 is), a special clearing will be held exclusively for government transactions with return clearing on the same day. read more